The UK’s tax take has remained completely static since 1984-85 when it was 33.9 per cent of national income (compared with this year, at 33.7 per cent).
“As Mr Hammond contemplates reaffirming his plans for the highest tax take since 1982, he should bear in mind that such a yield eluded his seven immediate predecessors.”
Source: The power of political theatre explains Budget’s enduring mystique
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